USD/ZAR Price Analysis: Keeps recovery moves from 50% Fibonacci retracement

USD/ZAR prints mild gains while carrying the pullback from 16.87.
200-bar SMA, seven-day-old resistance line challenge the buyers.
61.8% Fibonacci retracement adds to the downside support.

Anil Panchal FXStreet

USD/ZAR seesaws around 17.08 while flashing 0.40% gains on the day amid the early Monday morning in Asia. In doing so, the pair carries its recovery moves from 50% Fibonacci retracement of June 10-25 upside.

As a result, buyers are again targeting a break of 200-bar SMA, currently around 17.22, after multiple failures during late-June. Also acting as an immediate upside barrier is a falling trend line from June 25, at 17.32 now.

Considering the normal RSI conditions, coupled with the pair’s sustained trading beyond the key Fibonacci support, buyers might not hesitate to attack the 18.00 threshold on the successful break above June 25 top near 17.50/55.

Alternatively, a 61.8% Fibonacci retracement level of 16.79 may offer extra support below 16.93 immediate rest-point.

Given the pair’s additional weakness past-16.79, 16.50/45 might offer an intermediate halt before dragging the quote to 16.00 round-figure.

USD/ZAR four-hour chart

Trend: Further recovery expected

additional important levels

Overview
Today last price	17.0765
Today Daily Change	0.0621
Today Daily Change %	0.36%
Today daily open	17.0144

Trends
Daily SMA20	17.1252
Daily SMA50	17.6625
Daily SMA100	17.3721
Daily SMA200	16.0166

Levels
Previous Daily High	17.1095
Previous Daily Low	16.8976
Previous Weekly High	17.4187
Previous Weekly Low	16.8735
Previous Monthly High	17.6219
Previous Monthly Low	16.3363
Daily Fibonacci 38.2%	17.0286
Daily Fibonacci 61.8%	16.9785
Daily Pivot Point S1	16.9048
Daily Pivot Point S2	16.7953
Daily Pivot Point S3	16.6929
Daily Pivot Point R1	17.1167
Daily Pivot Point R2	17.2191
Daily Pivot Point R3	17.3286

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

EUR/USD shifts its attention to 1.1900 and above

EUR/USD has shaken off Tuesday’s dip, pushing back beyond the 1.1800 mark amid decent gains as Wednesday’s session draws to a close. The rebound is largely driven by a modest pullback in the US Dollar, as markets digest the aftermath of President Trump’s SOTU speech and continue to monitor trade-related headlines and signals from the White House.

GBP/USD challenges multi-day highs near 1.3530

GBP/USD leaves behind the previous day’s decline and regains fresh upside traction on Wednesday, surpassing the 1.3500 barrier in a context of a modest decline in the Greenback and a generalised improved mood in the risk-linked space. Meanwhile, the US tariff narrative continues to dictate the mood among market participants after Presidet Trump’s SOTU speech failed to surprise markets.

Gold remains bid and close to $5,200

Gold buyers are returning to the fold on Wednesday, targeting the $5,200 area and possibly beyond, after Tuesday’s corrective dip from monthly highs. The rebound in the precious metal comes as the US Dollar loses traction, with Trump’s SOTU speech offering little fresh direction and AI-related nerves continuing to ease.

UK financial watchdog advances stablecoin oversight as four firms pilot issuance

The Financial Conduct Authority (FCA) in the United Kingdom (UK) is advancing toward the final stablecoin regulatory framework with a pilot program involving four companies, including Monee, Financial Technologies ReStabilise, Revolut and VVTX.

Nvidia earnings to influence AI trade and broader market sentiment

For the last three years, Nvidia has been the engine of the AI boom, and now Wall Street is watching to see whether that momentum can keep going. High-growth stocks have been struggling to maintain their bullish trend in 2026.

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.